On January 7, the Korea University (KU) Blockchain Research Institute and Kasa Korea sealed a memorandum of understanding (MOU) designed for joint research and training on blockchain technology. The Chief Executive Officer (CEO) of Kasa Korea, Yea Chang-whan and KU Professor In Hoh (Department of Computer Science and Engineering) promised to actively enhance mutual cooperation with regard to the advancement of blockchain technology.

A proptech startup specializing in the combination of property and technology, Kasa Korea has adopted blockchain technology in its Kasa platform, enabling the users to securely trade digital asset backed securities (DABS). Thereby, the users can easily invest in commercial real estate (CRE) by purchasing the digitalized shares, referred to as DABS, just like investing in a certain private company by buying its shares. The KU Blockchain Research Institute conducts extensive research on blockchain regulations and business models, encouraging innovative business ventures based on blockchain technology.

CEO Yea Chang-whan stated, “As the KU Blockchain Research Institute has been the leading institution in the research of blockchain technology and relevant regulations, Kasa Korea expects to establish a much safer platform service for our users through this deal.”